We assign a technical rating of 9 out of 10 to SCO. Both in the recent history as in the last year, SCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SCO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 18.80, a Stop Loss order could be placed below this zone.
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14.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.44 to 18.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.31 to 16.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @14.97 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @19.14 from a trend line in the daily time frame.
- A resistance zone ranging from 19.61 to 19.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCO is up. |
| ChartMill Relative Strength | 70.47 | POSITIVE | SCO has a high relative strength, it outperformed 70.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.8 | NEUTRAL | The RSI value for SCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SCO has a negative trend. |
| Stochastics (14,3) | 50.15 | NEUTRAL | The Stochastics value for SCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for SCO suggests some volalility. |
| Average Directional Index/ADX (14) | 7.69 | NEGATIVE | The low ADX value for SCO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.15 | 18.17 | 0.99 (5.14%) | 19.44% |
| An entry @19.15. This is a Buy Stop order right above the resistance zone. | An exit @18.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.99 points, which is 5.14%. | For a 1.00% total portfolio risk, you can invest 19.44% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.84
-0.29 (-1.52%)
PROSHARES ULTRASHORT BLOOMBE / SCO FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRASHORT BLOOMBE?
ChartMill assigns a technical rating of 9 / 10 to SCO.
What is the current trend direction of PROSHARES ULTRASHORT BLOOMBE (SCO) stock?
The current trend direction for PROSHARES ULTRASHORT BLOOMBE (SCO) is Bullish.
Can you provide the RSI signal for PROSHARES ULTRASHORT BLOOMBE?
PROSHARES ULTRASHORT BLOOMBE (SCO) has an RSI value of 51.8006. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES ULTRASHORT BLOOMBE?
The MACD indicator for PROSHARES ULTRASHORT BLOOMBE (SCO) has a value of -0.0138951, indicating a bearish trend.
What is the short term momentum for PROSHARES ULTRASHORT BLOOMBE (SCO) stock?
The short term momentum for PROSHARES ULTRASHORT BLOOMBE (SCO) is positive.